1st Source: Positive Earnings Outlook Appears Priced In [Seeking Alpha]
1st Source Corporation (SRCE)
Last 1st source corporation earnings: 4/23 09:20 am
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US:NASDAQ Investor Relations:
firstsource.com/investors
Company Research
Source: Seeking Alpha
Summary Economic indicators suggest that loan growth will likely remain below the historical average. Nevertheless, I'm expecting it to be high enough to drive earnings. Interest rate cuts will affect the loan growth and net interest margin in several ways. I'm expecting the overall effect to be slightly negative on the margin. The year-end target price suggests a small downside from the current market price. Further, SRCE is offering a low dividend yield of 2.3%. ugurhan Earnings of 1st Source Corporation ( NASDAQ: SRCE ) will likely receive support from below-average loan growth through the end of 2025. On the other hand, upcoming interest rate cuts will have an overall slightly negative impact on the net interest margin, which will constrain earnings growth next year. Overall, I'm expecting the company to report earnings of $5.37 per share for 2024, up 7%, and $5.44 per share for 2025, up by just 1% year-over-year. The December 2024 target price suggests a mid-single-dig
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SRCE
News
- Agilitas Energy Buoys National Expansion Efforts with Strategic Financing from 1st Source Bank [Yahoo! Finance]Yahoo! Finance
- 1st Source Corporation Reports Third Quarter Results, Cash Dividend Declared [Yahoo! Finance]Yahoo! Finance
- Why 1st Source (SRCE) Could Beat Earnings Estimates Again [Yahoo! Finance]Yahoo! Finance
- 1st Source (SRCE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release [Yahoo! Finance]Yahoo! Finance
SRCE
Earnings
- 10/24/24 - Beat
SRCE
Sec Filings
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- 11/12/24 - Form SC
- SRCE's page on the SEC website